Automotive Retail
For Sale
Contact for pricing
3130 S Crater Rd, Petersburg, VA 23805
For sale automotive-oriented property with an 8.25% cap rate, marketed for synergies with nearby auto parts stores.
Property Size8,075 SF
Price / SF$136.84
Days on Market116
Property Features for 3130 S Crater Rd
General Information
Standard status
Active
Size
8,075 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$91,200
Additional Details
Cap Rate
8.25%
Building Details
Year Built
1993
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: May 13
Changed: Aug 14
Last Checked: Sep 1 at 11:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Capital Partners
Investment Insights
Based on property information with market context.
This for-sale automotive-oriented commercial property is listed with an 8.25% cap rate. The property is presented as an automotive retail space and is sized at 8,075 square feet.
The asset is located at 3130 S Crater Rd in Petersburg, VA 23805. The seller’s remarks highlight potential synergies with nearby auto parts stores.
The offering is positioned for investors and operators seeking an automotive-focused retail property, with pricing shown at $1,105,000.
The asset is located at 3130 S Crater Rd in Petersburg, VA 23805. The seller’s remarks highlight potential synergies with nearby auto parts stores.
The offering is positioned for investors and operators seeking an automotive-focused retail property, with pricing shown at $1,105,000.
Key Highlights
- Automotive‑oriented property built in 1993
- Marketed with an 8.25% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,762,640
$1.8M
Cap Rate 7%
$1,259,029
$1.3M
Cap Rate 9%
$979,244
$979.2K
Market Conditions
NOI Build-Up for 8,075 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$137.6K $17.04/SF
− Vacancy
−$11.7K −$1.45/SF
EGI
$125.9K $15.59/SF
− OpEx
−$37.8K −$4.68/SF
NOI
$88.1K $10.91/SF
Area
Petersburg County, VA
Vacancy
8.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,762,640
Cap Rate 7%
$1,259,029
Cap Rate 9%
$979,244
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,132 @ 7.0% cap · market cap 7.98%
Second Best
Industrial
$731.4K
$640.0K – $853.3K
NOI $51,198 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,592 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
177k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 25%
Groceries 4%
Apparel 2%
Wawa
Shops & Services
42,203 visits/mo
0.1 miles
Sheetz
Shops & Services
40,746 visits/mo
0.4 miles
Arby's
Dining
9,387 visits/mo
0.5 miles
Taco Bell
Dining
9,365 visits/mo
0.4 miles
Roses Discount Store
Shops & Services
9,191 visits/mo
0.5 miles
Demographics for 23805, VA
19,656
Population
9,272
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
90%
High-School Grad
71.5 sq mi
ZIP Area
275
Density / Sq Mi
$65,811
Median Household Income
$40,759
Median Earnings
$1,207
Median Rent
$208,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Walmart Auto Care Centers — 3500 S Crater Rd, Petersburg, VA 23805
- Maaco Auto Body Shop & Painting — 40 Seyler Dr, Petersburg, VA 23805
- VA Window Tint — 3140 S Crater Rd, Petersburg, VA 23805
- Pep Boys — 3120 S Crater Rd, Petersburg, VA 23805
- Tread Setters — 3219 S Crater Rd, Petersburg, VA 23805
Frequently Asked Questions
What type of property is this?
Auto shop - For sale automotive-oriented property with an 8.25% cap rate, marketed for synergies with nearby auto parts stores.
Where is this auto shop located?
The property is located at 3130 S Crater Rd Petersburg, VA.
What is the asking price?
The asking price for this property is $1,105,000.
What are key features of this property?
This property features: Automotive‑oriented property built in 1993; Marketed with an 8.25% cap rate
